What qualifications do you need to be a quantitative analyst?

Steps To Become a Quantitative Analyst

• Earn a bachelor’s degree in a finance-related field.
• Learn important analytics, statistics and mathematics skills.
• Gain your first entry-level quantitative analyst position.
• Consider certification.
• Earn a master’s degree in mathematical finance.

Can an electrical engineer become a quant?

Electrical engineering is deeply analytical so the techniques and ways of thinking you developed in that class will translate very well into a heavily quantitative and analytic field such as finance. Yes! As long as you have a good background in math/statistics you can work as a quant.

What degree do you need to work as a quant?

While an undergraduate degree in mathematics, theoretical physics, computer science or EEE are most appropriate for quant roles, there are also other degrees that can lead to a top quant role, usually via a postgraduate route.

Why is it so hard to get hired as a quant?

One thing that makes aiming for a quant position difficult is that different firms have different interview approaches. Prop shops generally like to focus on hiring people who have a strong background in quantitative disciplines (math, stats, computer science, engineering) and are less concerned with if you are trained in finance.

What are the different roles of a quant in finance?

The roles are: Quant Analyst – A.k.a. “financial engineer”. This is the traditional concept of the “quant”, at least up until relatively recently. Such quants are employed to put a price on complex “exotic” derivatives contracts. This was extremely popular during the years leading uo to the financial crisis of 2007/2008.

What is the career path to become a quant risk analyst?

Predominantly a quant analyst (financial engineer) or quant researcher/trader. It is also possible to head into a quant risk analyst role, although it is likely some specific postgraduate training would be required.